The new year is in full swing, which means many of us are in the process of making resolutions. One of the most popular resolutions is of course gaining control of our finances. For many Alabamians, this means relocating to a new town that’s much more affordable, as well as quaint and charming. If you can relate to this and you’re having trouble finding an affordable place to relocate, no worries. Here are some of the most affordable places to live in Alabama, based on a number of factors.

Note: HomeSnacks determined the affordability of these places by consulting the latest cost of living Census data.

1. Lincoln
Lincoln, AL, USA
facebook/City Of Lincoln, Alabama
Lincoln, which has a population of 6,600, is the fastest-growing city in Talladega County, Alabama. Its "Home Price To Income Ratio" is 1.7x, and its "Income To Rent Ratio" is 77.2x. For 2020, Lincoln's median income is $66,997, and its median home value is $116,600.
2. Tuscumbia
Tuscumbia, AL 35674, USA
flickr/Valerie Everett
Tuscumbia is the county seat of Colbert County, Alabama and was incorporated in 1820. It has a population of 8,426, and a few of its most popular attractions include the Alabama Music Hall of Fame, Ivy Green: The Birthplace of Helen Keller, and Spring Park. The city's "Home Price To Income Ratio" is 2.1x, and its "Income To Rent Ratio" is 75.3x. For 2020, Tuscumbia's median income is $51,105, and its median home value is $108,800.
3. Russellville
Russellville, AL, USA
wikimedia commons/Brian Stansberry
Russellville, which was incorporated in 1819, is the county seat of Franklin County, Alabama. It has a population of 9,711 and is best known for its annual Watermelon Festival, King Drive-In, and its historic Roxy Theatre. Russellville's "Home Price To Income Ratio" is 2.2x, and its "Income To Rent Ratio" is 73.6x. For 2020, Russellville's median income is $41,658, and its median home value is $93,700.
4. Roanoke
Roanoke, AL 36274, USA
wikimedia commons/Rivers Langley
Roanoke, which has a population of 5,941, is located in Randolph County, Alabama and was officially incorporated in 1890. Its "Home Price To Income Ratio" is 2.1x, and its "Income To Rent Ratio" is 63.6x. For 2020, Roanoke's median income is $37,298, and its median home value is $78,900.
5. Attalla
Attalla, AL, USA
wikipedia/Chris Pruitt
Attalla, which was founded in 1870, is located in Etowah County and is known as "The Gateway to Northeast Alabama." Its "Home Price To Income Ratio" is 1.7x, and its "Income To Rent Ratio" is 60.5x. For 2020, Attalla, which has a population of 5,847, has a median income of $40,998. Its median home value is $70,900.

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6. Hamilton
Hamilton, AL, USA
facebook/Hamilton Area Chamber of Commerce
Hamilton, which has a population of 6,664, was incorporated in 1896 and is the county seat of Marion County, Alabama. Its "Home Price To Income Ratio" is 2.5x, and its "Income To Rent Ratio" is 73.1x. For 2020, Hamilton's median income is $38,670, and its median home value is $97,000.
7. Hartselle
Hartselle, AL 35640, USA
wikimedia commons/Chris Pruitt
Hartselle, which is known as the "City of Southern Hospitality," is one of Morgan County's largest cities. With a population of 14,405, it's also the largest city on this list. Hartselle's "Home Price To Income Ratio" is 2.3x, and its "Income To Rent Ratio" is 89.6x. For 2020, Hartselle's median income is $59,482, and its median home value is $137,600.
8. Clay
Clay, AL, USA
wikimedia commons/John Phelan
Clay, which is named after the soil in the area, was incorporated in 2000 and is located in Jefferson County, Alabama. Its "Home Price To Income Ratio" is 2.2x, and its "Income To Rent Ratio" is 83.1x. For 2020, Clay's median income is $68,590, and its median home value is $148,800.
9. Pinson
Pinson, AL, USA
wikimedia commons/Kylestonephotgraphy
Like Clay, Pinson is also located in Jefferson County, Alabama. It was incorporated in 2004 and is well known for its annual Butterbean Festival and Turkey Creek Nature Preserve. Pinson, which has a population of 7,121, has a "Home Price To Income Ratio" of 2.0x and an "Income To Rent Ratio" of 68.1x. For 2020, its median income is $64,252, and its median home value is $130,000.
10. Glencoe
Glencoe, AL, USA
wikimedia commons/YonderStone
Glencoe, which is known as the "City of Patriotism," is located in both Calhoun and Etowah counties. One of the town's most popular attractions is Big Chief Drive-In. Glencoe has a population of 5,120. Its "Home Price To Income Ratio" is 2.4x, and its "Income To Rent Ratio" is 105.4x. For 2020, Glencoe's median income is $59,114, and its median home value is $142,200.

Have you ever visited, or currently live in, any of these 10 places? If so, do you believe they’re truly affordable? Please share your thoughts with us in the comments below.

For a list of Alabama’s 10 most dangerous cities to live in 2020, be sure to take a look at the  10 Most Dangerous Cities In Alabama For 2020.

OnlyInYourState may earn compensation through affiliate links in this article. As an Amazon Associate, we earn from qualifying purchases.

More to Explore

The Best Places In Alabama

William Suphan | December 27, 2022

What are the quietest small towns in Alabama?

The quietest small towns in Alabama include:

  • Dauphin Island. With lots of lovely coastal areas and a low cost of living, this is a wonderful, quiet town.
  • Tuscumbia. This historic town was founded in 1820 and was the hometown of Helen Keller, and is as peaceful as can be.
  • Bayou La Batre. This fishing village was featured in Forrest Gump and is known as the Seafood Capital of Alabama, yet has less than 3,000 people.
  • Theodore. Located just outside of Mobile, this lovely town has the beautiful Bellingrath Gardens. 

Find out more about the quietest small towns in Alabama. 

What are some hidden-gem attractions in Alabama?

Some of the hidden-gems attractions in Alabama include:

  • Ava Maria Grotto. This is a beautiful area filled with small religious replicas that resemble a tiny medieval kingdom.
  • Cahaba River National Wildlife Refuge. This place is not only teeming with wildlife but has tons of lilies that are amazing to see when in bloom.
  • Tinglewood Trail at Orr Park. This is a lovely trail that has fun wood carvings all along it.
  • Bamahenge. This is a replica of Britain’s Stonehenge that is located near Elberta and is a rather intriguing attraction.

Learn more about these and other hidden-gem attractions in Alabama. 

What are the most iconic attractions in Alabama?

The most iconic attractions in Alabama include:

  • The Gulf Coast Beaches. These scintillating white sand beaches meet up with bright turquoise waters that are wondrous to behold.
  • Fort Morgan. This is a historic battle site from the Battle of Mobile Bay that started construction in 1819.
  • USS Alabama. This massive ship also known as BB-60 is now a museum, but once served in World War II.
  • Edmund Pettus Bridge. Located in Selma, this was the site of Bloody Sunday in 1965 and is now a National Historic Landmark.

Discover more about the most iconic attractions in Alabama. 

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